GVC (LON:GVC) had its target price lifted by investment analysts at Berenberg Bank from GBX 960 ($12.92) to GBX 1,150 ($15.48) in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 19.67% from the company’s previous close.

Several other research firms have also recently commented on GVC. Peel Hunt restated a “buy” rating and set a GBX 1,000 ($13.46) price target on shares of GVC in a report on Wednesday, November 29th. Citigroup upgraded shares of GVC to a “buy” rating and set a GBX 1,090 ($14.67) price target on the stock in a report on Friday. Canaccord Genuity Group boosted their price target on shares of GVC from GBX 925 ($12.45) to GBX 1,010 ($13.59) and gave the company a “buy” rating in a report on Friday, November 3rd. Canaccord Genuity reiterated a “buy” rating and issued a GBX 925 ($12.45) price objective on shares of GVC in a report on Thursday, October 12th. Finally, Macquarie assumed coverage on shares of GVC in a report on Wednesday, October 11th. They issued a “neutral” rating and a GBX 865 ($11.64) price objective for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 981.27 ($13.21).

GVC (LON GVC) traded up GBX 6.50 ($0.09) during trading on Friday, hitting GBX 961 ($12.93). 3,837,276 shares of the stock traded hands, compared to its average volume of 1,510,000. GVC has a fifty-two week low of GBX 586 ($7.89) and a fifty-two week high of GBX 992.50 ($13.36).

In other GVC news, insider Lee Feldman sold 488,782 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of GBX 903 ($12.15), for a total transaction of £4,413,701.46 ($5,940,378.82). Also, insider Norbert Teufelberger sold 69,254 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 844 ($11.36), for a total transaction of £584,503.76 ($786,680.70). Insiders sold 1,331,639 shares of company stock valued at $1,194,315,059 over the last quarter.

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GVC Company Profile

GVC Holdings PLC is a sports betting and gaming company. The Company operates under various brands in the gaming sector, including bwin, sporting bet and Foxy Bingo. It also provides online gaming services on a business-to-business basis to the third party operators. Its segments include Sports and Gaming.

Analyst Recommendations for GVC (LON:GVC)

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